HartDak: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HartDak
Largest movements
- Tangible fixed assets +€19,689
up €19,689 (+47.4%), from €41,533 to €61,222
of which Furniture and vehicles: +€32,297
- Receivables within one year -€2,947
down €2,947 (-16.5%), from €17,858 to €14,911
of which Other amounts receivable: -€5,297
- Financial fixed assets -€1,560
down €1,560 (-72.2%), from €2,160 to €600
- Cash +€1,122
up €1,122 (+957%), from €117 to €1,239
mainly Depreciation (+€30,161) and Debts after one year (+€17,083)
- Debts after one year +€17,083
up €17,083 (+172%), from €9,943 to €27,026
- Tax, wage and social debts +€9,974
up €9,974 (+47.4%), from €21,026 to €31,000
of which Remuneration and social security: +€10,269
- Other debts -€7,761
down €7,761 (-38.8%), from €20,006 to €12,245
- Trade debts -€4,953
down €4,953 (-55.1%), from €8,991 to €4,038
- Short-term financial debts +€1,858
up €1,858 (+33.7%), from €5,521 to €7,378
- Staff costs -€35,947
down €35,947 (-99.7%), from €36,048 to €101
- Gross operating margin -€14,904
down €14,904 (-31.2%), from €47,776 to €32,872
- Depreciation +€14,791
up €14,791 (+96.2%), from €15,370 to €30,161
- Other operating charges -€2,690
down €2,690 (-69.2%), from €3,889 to €1,199
- Financial charges -€1,454
down €1,454 (-34.5%), from €4,216 to €2,762
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,868 | €103,535 | +€16,668 | +19.2% |
| Fixed assets | 21/28 | €43,893 | €62,022 | +€18,129 | +41.3% |
| Intangible fixed assets | 21 | €200 | €200 | = | 0.0% |
| Tangible fixed assets | 22/27 | €41,533 | €61,222 | +€19,689 | +47.4% |
| Land and buildings | 22 | €482 | €69 | -€413 | -85.7% |
| Plant, machinery and equipment | 23 | €16,241 | €12,903 | -€3,339 | -20.6% |
| Furniture and vehicles | 24 | €9,418 | €41,715 | +€32,297 | +343% |
| Leasing and similar rights | 25 | €15,392 | €6,536 | -€8,856 | -57.5% |
| Financial fixed assets | 28 | €2,160 | €600 | -€1,560 | -72.2% |
| Current assets | 29/58 | €42,975 | €41,514 | -€1,461 | -3.4% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,858 | €14,911 | -€2,947 | -16.5% |
| Trade receivables | 40 | €9,671 | €12,021 | +€2,350 | +24.3% |
| Other amounts receivable | 41 | €8,187 | €2,890 | -€5,297 | -64.7% |
| Cash at bank and in hand | 54/58 | €117 | €1,239 | +€1,122 | +957% |
| Deferred charges and accrued income | 490/1 | - | €364 | +€364 | |
| Total equity and liabilities | 10/49 | €86,868 | €103,535 | +€16,668 | +19.2% |
| Equity | 10/15 | €2,263 | €1,525 | -€738 | -32.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €10,386 | €10,386 | = | 0.0% |
| Distributable reserves | 133 | €10,386 | €10,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,383 | -€23,121 | -€738 | -3.3% |
| Amounts payable | 17/49 | €84,605 | €102,011 | +€17,406 | +20.6% |
| Amounts payable after more than one year | 17 | €9,943 | €27,026 | +€17,083 | +172% |
| Financial debts | 170/4 | €9,943 | €27,026 | +€17,083 | +172% |
| Amounts payable within one year | 42/48 | €74,662 | €74,984 | +€323 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €19,118 | €20,323 | +€1,205 | +6.3% |
| Financial debts | 43 | €5,521 | €7,378 | +€1,858 | +33.7% |
| Credit institutions | 430/8 | €5,521 | €7,378 | +€1,858 | +33.7% |
| Trade debts | 44 | €8,991 | €4,038 | -€4,953 | -55.1% |
| Suppliers | 440/4 | €8,991 | €4,038 | -€4,953 | -55.1% |
| Taxes, remuneration and social security | 45 | €21,026 | €31,000 | +€9,974 | +47.4% |
| Taxes | 450/3 | €883 | €589 | -€294 | -33.3% |
| Remuneration and social security | 454/9 | €20,143 | €30,411 | +€10,269 | +51.0% |
| Other amounts payable | 47/48 | €20,006 | €12,245 | -€7,761 | -38.8% |
| Remuneration, social security and pensions | 62 | €36,048 | €101 | -€35,947 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,370 | €30,161 | +€14,791 | +96.2% |
| Other operating charges | 640/8 | €3,889 | €1,199 | -€2,690 | -69.2% |
| Gross operating margin | 9900 | €47,776 | €32,872 | -€14,904 | -31.2% |
| Operating profit (loss) | 9901 | -€7,532 | €1,411 | +€8,943 | |
| Financial income | 75/76B | €470 | €613 | +€143 | +30.3% |
| Recurring financial income | 75 | €470 | €613 | +€143 | +30.3% |
| Financial charges | 65/66B | €4,216 | €2,762 | -€1,454 | -34.5% |
| Recurring financial charges | 65 | €4,216 | €2,762 | -€1,454 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,277 | -€738 | +€10,539 | +93.5% |
| Profit (loss) for the period | 9904 | -€11,277 | -€738 | +€10,539 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,277 | -€738 | +€10,539 | +93.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.